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Ford creates Autonomous Vehicles division with $4bn investment

Ford is spending $4bn over the next five years in developing its autonomous vehicle capability with the formation of a Ford Autonomous Vehicles division
Ford tests autonomous vehicles in Miami
Ford's development of autonomous vehicles will now be rolled up into a specialist AV division

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26 July 2018

FORD is accelerating hard into the autonomous automobile future.

The company has created a new division called Ford Autonomous Vehicles LLC. It will be based in Detroit.

Ford says it will encompass all aspects of its self-driving vehicle business operations. It will help accelerate its autonomous vehicle (AV) business while capitalising on market opportunities.

Ford Autonomous Vehicles LLC will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.

Ford said it expected to invest $4 billion in autonomous vehicle development over the next five years.

Sherif Marakby, currently Ford Vice President, Autonomous Vehicles and Electrification, has been appointed CEO of Ford Autonomous Vehicles LLC.

“Ford has made tremendous progress across the self driving value chain – from technology development to business model innovation to user experience,” said Jim Hackett, President and CEO, Ford Motor Company.

“Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead.”

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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